NEW YORK, NY / ACCESSWIRE / June 22, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.
LOPE Shareholders Click Here: https://www.zlk.com/pslra-1/grand-canyon-education-inc-loss-form?prid=7473&wire=1
R Shareholders Click Here: https://www.zlk.com/pslra-1/ryder-system-inc-loss-submission-form?prid=7473&wire=1
FSCT Shareholders Click Here: https://www.zlk.com/pslra-1/forescout-technologies-inc-loss-submission-form?prid=7473&wire=1
* ADDITIONAL INFORMATION BELOW *
Grand Canyon Education, Inc. (NASDAQ:LOPE)
LOPE Lawsuit on behalf of: investors who purchased January 5, 2018 - January 27, 2020
Lead Plaintiff Deadline : July 13, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/grand-canyon-education-inc-loss-form?prid=7473&wire=1
According to a filed complaint, statements made by Defendants were false and/or misleading because, following Grand Canyon's spin-off of its educational assets as Grand Canyon University ("GCU"): (i) GCU would not be a proper non-profit organization as it would remain under the control of Grand Canyon, and (ii) Grand Canyon would not be a third-party service provider to GCU but rather would continue to effectively operate the entity, and (iii) Grand Canyon employees served as executives of GCU and (iv) GCU functioned as an off-balance-sheet entity to which Grand Canyon would be able to funnel expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyon's financial results.
Ryder System, Inc. (NYSE:R)
R Lawsuit on behalf of: investors who purchased July 23, 2015 - February 13, 2020
Lead Plaintiff Deadline : July 20, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/ryder-system-inc-loss-submission-form?prid=7473&wire=1
According to the filed complaint, during the class period, Ryder System, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Ryder's financial results were inflated as a result of the Company's practice of overstating the residual values of the vehicles in its fleet; (2) there was no reasonable basis to believe that Ryder would sell its used vehicles for the amounts that it had assigned to them; (3) Ryder's residual values for its fleet of vehicles exceeded the expected future values that would be realized upon the sale of those vehicles; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Forescout Technologies, Inc. (NASDAQ:FSCT)
FSCT Lawsuit on behalf of: investors who purchased February 6, 2020 - May 15, 2020
Lead Plaintiff Deadline : August 10, 2020
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/forescout-technologies-inc-loss-submission-form?prid=7473&wire=1
According to the filed complaint, during the class period, Forescout Technologies, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Forescout was experiencing a significant and disproportionate decline in its financial performance; (2) the foregoing was reasonably likely to have a material negative impact on Forescout's planned acquisition by Advent International Corp.; and (3) as a result of the foregoing, defendants' statements about its business and operations were materially false and misleading at all relevant times.
You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP
View source version on accesswire.com:
https://www.accesswire.com/594804/CLASS-ACTION-UPDATE-for-LOPE-R-and-FSCT-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders
